5 Major Money Mistakes From Rookie Entrepreneurs

We’ve all heard the mantra – cashflow is the lifeblood of any small business or startup. However, many rookie entrepreneurs makebig mistakes on this front. This has been noticed by Inc who have written about the 5 biggest money mistakes of rookie entrepreneurs.

In a nutshell, these mistakes are most commonly:

Underestimating the amount of cash needed to creak into break even – Often, the actual amount of cash needed to get to break even is significantly larger than what’s stated on the business plan.

Aiming too high – it’s important for entrepreneurs to identify what projects are critical for success, and those that can wait.

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